At $70 million, the Milwaukee-based company’s third-quarter 2016 total revenue beat analysts’ expectations by $3.8 million, and was 101% more than its third-quarter 2015 revenue of $34.9 million. The REIT’s third-quarter 2016 net income increased to $10.3 million, compared with its net income of $4 million in the third quarter 2015.

The company’s third-quarter 2016 FFO of 27 cents missed analysts’ expectations by 1 cent, and its portfolio was 95.7% leased as of Sept. 30, 2016.

“At this time and after discussions with CHI senior leadership we do not have any additional information to share [about the potential merger], but [we] also remain confident in the future of our CHI relationship, the value of our CHI medical office facilities and potentially an increased opportunity to grow with a CHI and Dignity combined entity,” Thomas said on the call.

Thomas added that Physicians Realty Trust recently held a stewardship meeting with CHI’s C-suite, and Physicians Realty Trust is consequently “more excited than ever about the opportunity to partner with them.”

Physicians Realty Trust raised its acquisition guidance from $1 billion to $1.25 billion, and now anticipates to close between $1.2 billion and $1.3 billion of total real estate investments this year, subject to favorable capital market conditions, the company said in a press release. The company also announced a slew of recent transactions, including the acquisitions of nine health care properties with a combined 426,591 net rentable square feet. These investments totaled about $125.4 million.

Additionally, since Sept. 30, 2016, Physicians Realty Trust has purchased two condominium units containing an aggregate of 55,215 net leasable square feet for an aggregate purchase price of $29.4 million. The company also entered into a single joint venture, representing an investment of $0.9 million and resulting in total subsequent investments of $30.3 million.